What type of economy does india have?

India has a strong and fast-growing free market economy. The country is a member of the G20 major economies, although it relies heavily on imports. The mining industry also plays a major role in the economy as India is the fourth largest producers of minerals in the world. read more

Agriculture is an important part of the country's economy as more than 10 percent of the its exports consist of agricultural products. The mining industry also plays a major role in the economy as India is the fourth largest producers of minerals in the world. read more

India has a mixed economy. Half of India's workers rely on agriculture, the signature of a traditional economy. One-third of its workers are employed by the services industry, which contributes two-thirds of India's output. The productivity of this segment is made possible by India's shift toward a market economy. read more